DropBox IPO is going to biggest in tech this year
California based DropBox is a storage sharing company which offers cloud storage capabilities.
IT was valued at 10 billion in a private fundraising round in 2014, and is on track to generate more than $1 billion in revenue this year.
Its IPO will be the most waited in tech industry, many other companies like uber have also registered for IPO
MARKET SPACE FOR DROPBOX
According to International Data Corp. (IDC), 4.4 zettabytes (4.4trn gigabytes) of digital data had been created by 2013. The Industrial Internet is destined to boost that total to 44 zettabytes (ZB) by 2020.
And as cloud storage is holy grail of storage and everything moves to the cloud we are looking at 30$ billion market space.
COMPETITORS
Google - G Suite
Facebook-Workplace
Box
There are about 130 companies in storage and sync market
DropBox is currently leading them
Date is yet to be announced , but its ipo will be very interesting
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